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Triton Investment Management Limited (TIML)

PRI reporting framework 2020

You are in Strategy and Governance » ESG issues in asset allocation

ESG issues in asset allocation

SG 13. ESG issues in strategic asset allocation

13.1. Indicate whether the organisation carries out scenario analysis and/or modelling, and if it does, provide a description of the scenario analysis (by asset class, sector, strategic asset allocation, etc.).

13.3. Additional information. [OPTIONAL]


SG 13 CC.


SG 14. Long term investment risks and opportunity

14.1. Some investment risks and opportunities arise as a result of long term trends. Indicate which of the following are considered.

other description (1)

          Changes in law and regulation
        

14.2. Indicate which of the following activities you have undertaken to respond to climate change risk and opportunity

other description

          Avoided acquisitions related to carbon intensive sectors or sectors exposed to the low carbon transition
        

14.3. Indicate which of the following tools the organisation uses to manage climate-related risks and opportunities.

14.5. Additional information [Optional]

 

 


SG 14 CC.

14.6 CC. Provide further details on the key metric(s) used to assess climate-related risks and opportunities.

Metric Type
Coverage
Purpose
Metric Unit
Metric Methodology
Carbon footprint (scope 1 and 2)
          To identify priority areas for action
        
          tonnes of CO2 equivalent
        
          
        
Portfolio carbon footprint
          To understand portfolio changes in carbon exposure and to report to investors
        
          tonnes of CO2 equivalent
        
          
        
Total carbon emissions
          To understand portfolio changes in carbon exposure and to report to investors
        
          tonnes of CO2 equivalent
        
          
        
Carbon intensity
          To understand environmental efficiency across the portfolio and identify priority areas for action
        
          tonnes of CO2 equivalent per euro of revenue or unit of output
        
          
        

14.8 CC. Indicate whether climate-related risks are integrated into overall risk management and explain the risk management processes used for identifying, assessing and managing climate-related risks.

Please describe

Climate-related risks are integrated into Triton's overall ESG risk management process. Prior to acquisition, prospective investee companies are screened for ESG concerns, including their exposure to climate-related risks. This is based on both third-party information providers and external risk classification frameworks such as SASB and EBRD, and the professional judgment of Triton's ESG team. Where appropriate, detailed ESG due diligence is conducted and can include an assessment of climate-related risks where relevant, including existing and emerging regulatory requirements related to climate change. Any key ESG issues raised, including climate-related risks, are evaluated as part of the preliminary investment recommendation. 

Climate-related risks are assessed and monitored on an ongoing basis through our discussions with portfolio companies (including monthly portfolio calls, periodic (at least bi-annual) review calls, and annual face-to-face visits) and biannual ESG reporting by portfolio companies to Triton. These interactions also provide Triton with the opportunity to engage with portfolio companies to manage climate-related risks where relevant. 

14.9 CC. Indicate whether your organisation, and/or external investment manager or service providers acting on your behalf, undertake active ownership activities to encourage TCFD adoption.

Please describe

Triton engages with its portfolio companies to promote the management of climate-related risks and opportunities aligned to the TCFD Recommendations. In 2019, the ESG team ran an interactive session dedicated to climate change at its ESG Forum. This session included training on different climate-related risks and opportunities and the TCFD Recommendations. Following the ESG Forum, the ESG team supported portfolio companies to conduct their own assessment of climate-related risks and opportunities using the TCFD as a framework. 


SG 15. Allocation of assets to environmental and social themed areas

15.1. Indicate if your organisation allocates assets to, or manages, funds based on specific environmental and social themed areas.

15.4. Please attach any supporting information you wish to include. [OPTIONAL]



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